RBS 2011 Annual Report Download - page 115

RBS Group 2011 113
Statutory Proportional*
Qualifying Tier 2 capital 2011
£m
2010
£m
2009
£m
2009
£m
Undated subordinated debt 1,838 1,852 4,950 4,200
Dated subordinated debt - net of amortisation 14,527 16,745 20,063 18,120
Reserves arising on revaluation of property — —73 73
Unrealised gains on AFS equity shares 108 25 134 134
Collectively assessed impairment provisions 635 778 796 796
Non-controlling Tier 2 capital 11 11 11 11
17,119 19,411 26,027 23,334
Tier 2 deductions
50% of securitisation positions (2,019) (2,321) (1,353) (1,353)
50% excess of expected losses over impairment provisions (3,451) (2,658) (3,578) (3,578)
50% of material holdings (340) (310) (601) (310)
50% of APS first loss (2,763) (4,225) (5,106) (5,106)
(8,573) (9,514) (10,638) (10,347)
Total Tier 2 capital 8,546 9,897 15,389 12,987
Supervisory deductions
Unconsolidated investments
- RBS Insurance (4,354) (3,962) (4,068) (4,068)
-Other investments (239) (318) (404) (404)
Other deductions (235) (452) (93) (93)
(4,828) (4,732) (4,565) (4,565)
Total regulatory capital (1) 60,708 65,289 87,245 71,320
Movement in Core Tier 1 capital 2011
£m
At beginning of the year 49,604
Attributable loss net of movements in fair value of own debt (3,449)
Foreign currency reserves (363)
Decrease in non-controlling interests (485)
Decrease in capital deductions including APS first loss 1,128
Other movements (94)
At end of the year 46,341
Note:
(1) Total capital includes certain instruments issued by RBS N.V. Group that are treated consistent with the local implementation of the Capital Requirements Directive (including the transitional
provisions of that Directive). The FSA formally confirmed this treatment in 2012.